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Coinvest Capital is a sovereign venture capital fund based in Vilnius, Lithuania, that invests in early-stage domestic startups to improve access to risk capital. Operating as a 100% subsidiary of the state-owned National Development Bank ILTE, the investment firm is fully funded by the Lithuanian government and the European Union. The organization co-invests alongside private lead investors and accredited business angels, utilizing a structured profit-sharing mechanism designed to strengthen the regional early-stage investment ecosystem. Following a comprehensive renewal of its executive management team and investment strategy in 2022, the fund was recognized as the best venture capital partner by LitBAN during its initial five years of operations. Coinvest Capital was officially founded in 2018 and is currently led by Managing Director Viktorija Trimbel alongside key executive team members Kęstutis Juonys and Jussi Kari.
Key people at Coinvest Capital.
Coinvest Capital is a sovereign VC fund fully funded by the Lithuanian state and the European Union. It operates as a 100% subsidiary of the National Development Institution.
Coinvest Capital is a sovereign VC fund fully funded by the Lithuanian state and the European Union. It operates as a 100% subsidiary of the National Development Institution.
Key people at Coinvest Capital.
Coinvest Capital has 7 tracked investments across 4 companies. The latest tracked deal is $591.0M Seed in Axiology in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 9, 2026 | Axiology | $591.0M Seed | Coinvest Capital, E2vc, Exponential Science Foundation | Baltic Sandbox Ventures, NGL Ventures, Plug And Play, TIBAS Ventures |
| Feb 4, 2026 | Axiology | $5.9M Seed | Exponential Science | BSV Ventures, E2vc, NGL, Plug And Play, TIBAS Ventures |
| Dec 23, 2025 | Repsense | $2.4M Seed | Tomáš Milota, Ondrej Lipold | Baltic Sandbox Ventures |
| Dec 9, 2025 | Algori | $4.2M Other Equity | — | Jared Schrieber, Attapoll, Change Ventures, FirstPick, Flashpoint, RED Bull Ventures, Ricardo Jacinto, Pedro DE Alava |
| Feb 1, 2023 | Repsense | $540K Other Equity | Coinvest Capital, Iron Wolf Capital | — |
| Jan 23, 2023 | Oxipit | $4.9M Other Equity | — | Practica Capital |
| Jun 22, 2018 | Oxipit | $120K Other Equity | Gytenis Galkis | Roberta Rudokienė |
